Three-Bedroom Duplex with
For Sale
$219,000
85-209 Ala Akau Street, Waianae, HI 96792
MULTI_FAMILY - Other - Waianae, HI
Property Size952 SF
Lot Size3,193.00 Acres
Price / SF$230.04
Days on Market126
Property Features for 85-209 Ala Akau Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
05 - R-5 Residential District
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Parking
2
Parking features
Garage
Pets allowed
Call
Interior features
Bedroom on Main Level, Full Bath on Main Level
Fencing
Fenced
Subdivision
WAIANAE
Lot features
Cleared, Interior Lot, Level, Planned Unit Development
Standard status
Active
APN
1-8-5-026-067-0000
Size
952 SF
Lot size
3,193.00 Acres
Taxes and HOA fees
Tax Annual Amount
1132
Utilities
Utilities
Water Available
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Flooring type
Vinyl
Building materials
Double Wall, Wood Frame
Architectural style
Other
Listing Agency:
West Beach Realty, Inc.
(808) 696-4774
Listed By:
G. Jeannie Byers · License #RB-14805
(808) 285-4774
Added: Mar 28
Changed: Jul 28
Last Checked: Jul 31 at 2:06AM
MLS# 202606060
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-bedroom, 1-bath duplex offers single-level living and a tenant-occupied setup designed for straightforward maintenance. The property includes a 2-car carport and a fully fenced backyard for privacy and outdoor use, with a total interior size of 952 square feet. The lot area is listed as 3,193 square feet.
The duplex is located at 85-209 Ala Akau Street in Waianae, Oahu, HI 96792. The property is currently on a month-to-month lease. Tenant showings require 2 days notice.
From a financing and ownership standpoint, the listing notes eligibility for multiple options, including FHA Spot loans and Conventional loans. Lease rent is currently reported at $70.16 per month, with a scheduled increase to $91.25 per month from July 1, 2027 through June 30, 2031. The lease may also be extended to 2055, and supplemental information references an additional special assessment of $127.00 per month through November 2026.
The duplex is located at 85-209 Ala Akau Street in Waianae, Oahu, HI 96792. The property is currently on a month-to-month lease. Tenant showings require 2 days notice.
From a financing and ownership standpoint, the listing notes eligibility for multiple options, including FHA Spot loans and Conventional loans. Lease rent is currently reported at $70.16 per month, with a scheduled increase to $91.25 per month from July 1, 2027 through June 30, 2031. The lease may also be extended to 2055, and supplemental information references an additional special assessment of $127.00 per month through November 2026.
Key Highlights
- 3‑bedroom, 1‑bath duplex with single‑level living
- Spacious 3,193 sq. ft. lot and fully fenced backyard
- Bedroom on main level and full bath on main level
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $30.60 |
| − Vacancy | −$2.0k | −$2.15 |
| EGI | $27.1k | $28.45 |
| − OpEx | −$8.1k | −$8.53 |
| NOI | $19.0k | $19.91 |
952 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$237.0K – $316.0K
NOI $18,958 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$249.4K
$218.2K – $290.9K
NOI $17,455 @ 7.0% cap · market cap 7.97%
Theoretical Best
Specialty Retail
$385.7K
$337.5K – $450.0K
NOI $26,999 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Demographics for 96792, HI
51,965
Population
15,516
Households
3.3
Avg Household Size
35
Median Age
16%
College-Educated
91%
High-School Grad
61.1 sq mi
ZIP Area
850
Density / Sq Mi
$83,927
Median Household Income
$39,666
Median Earnings
$1,820
Median Rent
$551,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Single-level duplex with a fenced yard and 2-car carport, occupied on a month-to-month lease.
Where is this duplex located?
The property is located at 85-209 Ala Akau Street Waianae, HI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath duplex with single‑level living; Spacious 3,193 sq. ft. lot and fully fenced backyard; Bedroom on main level and full bath on main level
